Obama's stimulus is doing some good, economists say

08/7/2009 | NYTimes.com

Six months into President Barack Obama's $787 billion economic stimulus, a wide range of economists said the spending has blunted the worst of the downturn. Private analysts who are not connected with the government credited the spending with increasing GDP by 1% in the second quarter. "Government -- federal, state and local -- is helping take the economy from recession to recovery. I think it's the primary contributor," said Allen L. Sinai, chief economist at Decision Economics.

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